A Federal Capital Territory (FCT) High Court sitting in Abuja has nullified international arbitration proceedings filed against Aiteo Eastern Exploration and Production Company Limited at the International Chamber of Commerce (ICC) in London, ruling that the process violated its existing injunctive orders. Justice S.B. Belgore delivered the judgment on Tuesday, July 8, 2025, in a […]
Aiteo Eastern Exploration and Production Company (AEEPCO), operator of the NNPC / Aiteo Joint Venture on OML 29, verifies that following the completion of the joint investigative visit to the spill site by all stakeholders as required by regulations, AEEPCO will reopen its facilities for production while continuing other statutory spill management protocols concurrently. Consequently, […]
Doosuur Iwambe, Abuja At last, Aiteo Eastern Exploration and Production Company (AEEPCO) has successfully shut down the leak at OML 29 Wellhead in the Santa Barbara South field in Nembe in Bayelsa State. Aiteo in a statement by its Group Managing Director, Victor Okoronkwo, said the well flow has been “shut-in,” adding that it is […]
Aiteo Eastern Exploration and Production Company (AEEPCO), Operator of the NNPC /Aiteo Joint Venture of Oil Mining Lease (OML) 29 on Friday, 5 November 2021, reported a hydrocarbon well head leak in its Santa Barbara, Southwest field, in Nembe Local Government Area of Bayelsa State. This well, non-producing since Aiteo’s acquisition in 2015, was predominantly […]
The latest in the series of plots to malign the reputation of Aiteo and our Executive Vice Chairman, Benedict Peters, came to the fore as our attention was drawn to these developments following an Arise Television news coverage of a press conference on 18 March 2021, organised by the Concerned Nigerians and a number of […]
Aiteo Eastern Exploration and Production, operators of OML 29, says the activities of oil thieves have assumed alarming proportions, leading to loss of about four million barrels of crude in 2019. Mr Victor Okoronkwo, Managing Director of the oil firm spoke on the sidelines of the ongoing Practical Nigerian Content Exhibition and Conference with the […]
Aiteo Eastern Exploration and Development Company of Nigeria Limited (“Aiteo”) has decried the sustained economic sabotage of the Nembe creek trunk line.
In recognition of its groundbreaking partnership agreements with the Nigeria Football Federation that have energized the Nigerian game and set it on firm course to a brighter and better future, world football –governing body, FIFA has invited Nigeria’s leading energy solutions company, AITEO, to this year’s The Best Football Awards. The letter of invitation dated […]